How to reach Rs 25 lakh by 32 on a Rs 50,000 salary
A detailed financial plan shows that starting with a monthly take-home salary of Rs 50,000 at age 25 can lead to a portfolio of over Rs 25 lakh by age 32. The…
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American teen mom’s 18-year savings pays off as daughter enters NYU
Jordyn Perez, 18, will begin studying biology at New York University this year, after her mother Jeanice saved diligently for 18 years. Jeanice became pregnant at 18 while living in poverty in…
Budgeting and financial safeguards can protect long-term wealth
A workable monthly budget, an emergency fund and suitable insurance can prevent routine financial mistakes from damaging long-term wealth, the Hindustan Times and Mint report. Advisers recommend reviewing six months of bank…
₹5,000/month PPF yields ₹2.7 crore in 50 years
A PPF investment of ₹5,000 per month starting at birth can grow to over ₹2.7 crore in 50 years at the current 7.1% interest rate, Livemint reports. The same monthly sum started…
3-6-9 rule: calculate your emergency fund savings goal
The 3-6-9 rule is a thumb rule for building an emergency fund, livemint.com reports. For a single person with steady income, save three months of expenses. If you have dependents but a…
